“Oil Bullish Froth Blown Away”: Hedge Funds Dumped Near-Record 140 Million Barrels Of Petroleum Last Week
October 16, 2023 at 14:05 PM EDT
By John Kemp, Senior energy analyst at Reuters Portfolio investors have dumped positions in petroleum at some of the fastest rates in the last decade in the most recent week as the bullish sentiment that built up after OPEC+ production cuts evaporated. Investors reacted negatively to the end of the squeeze on inventories around the […] Source
